Reference is made to the stock exchange notice byQuantafuel AS earlier today pertaining to the notice of an Extraordinary General Meeting ("EGM") to be held on3 July 2020 . The Board of Directors wishes to accommodate the liquidity of Quantafuel's shares. Furthermore, Quantafuel is exploring the possibility of a future listing of the shares on Oslo Børs. Based on said objectives and the proposed conversion of Quantafuel to a public limited liability company (ASA) to meet potential listing requirements, the Board has decided to propose a share split as further described below. The proposal will be presented for approval at the EGM. Date on which the corporate action was made public:25 June 2020 Split ratio: 1 old share will give 10 new shares Last day inclusive right to have 1 share traded into 10 shares:3 July 2020 (being the date of the EGM) Ex-date:6 July 2020 Record date:7 July 2020 Date of approval:3 July 2020 For further queries, please contact: Kjetil Bøhn, CEO +47 91573818Kristian Flaten , CFO +47 95092322 About Quantafuel | https://quantafuel.com Quantafuel is a technology-based energy company converting waste plastics back into low-carbon synthetic oil products replacing virgin oil products. Quantafuel is establishing, operating and owning dedicated plastic-to-liquid (PtL) plants and plans to establish several plants throughoutEurope and beyond.
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